If you purchase from a vendor in one currency and submit payment in another currency, you can apply the payment to the purchase.
Likewise, if you sell to a customer in one currency and receive payment in another currency, you can apply the payment to the sales invoice.
The following procedure describes how to set this up for vendor ledger entries in the Purchases & Payables Setup window. The setup is similar for customer ledger entries in the Sales & Receivables Setup window.
This functionality requires that your experience is set to Suite. For more information, see Customizing Your Financials Experience.
To enable application of vendor ledger entries in different currencies
- Choose the icon, enter Purchases & Payables Setup, and then choose the related link.
- In the Appln. between Currencies field, select one of the following options.
|None||Application between currencies is not allowed.|
|EMU||Application between EMU currencies is allowed.|
|All||Application between all currencies is allowed.|